“All the applicants have to go through a customised merit based credit scoring model which revolves around the merit of the student in arriving at credit score. Students have thin file in CIBIL. We have adopted merit, social and behavioral aspects to assess the credit worthiness of students, and interestingly it’s all done through an app in real time. This has been especially created by Cash Suvidha and Krazy Bee. It’s absolutely simple, download Krazy Bee app, verify the applicant’s identity and upload required documents to register. Post registration and verification, student can place their respective orders. Once the order is placed the, the demand is referred to the campus verification. The verifying campus manager also clicks the pictures of the documents of the student and uploads everything on the app. So both sets of documents (uploaded directly by student and uploaded by campus manager) are matched and then the loan is approved,” added Gupta.